Welfare-to-work programs, Mario Draghi says ECB is ready to pump more stimulus into eurozone economy- business live and other Economy news

The economy news of 2015-01-02 on Tamugaia - Welfare-to-work programs have failed to reduce unemployment, says report, and Mario Draghi says ECB is ready to pump more stimulus into eurozone economy- business live.

Cost of payday loans to fall as price caps kick in -
Around 1m people set to benefit from lower costs of loans but Which? research suggest lenders are setting maximum rates and fees...
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Piano stores closing across US as fewer children taking up instrument, some deterred by cost -
The number of stores dedicated to selling pianos is dwindling across the country as fewer people take up the instrument and those who do often opt for a used piano or a less expensive electronic keyboard....
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Hyundai, Kia brace for weakest sales growth in more than a decade -
Hyundai Motor Co. and its affiliate Kia Motors Corp. are forecasting their weakest growth in car sales in more than a decade as competition intensifies and the global economy slows....
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Asian stock markets higher on first day of 2015 trading -
Asian stock markets started 2015 on a positive note Friday as investors waited for cues from new economic data and central bank meetings in coming weeks....
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